The Cabinet Committee on Economic Affairs (CCEA), relaxed
the criteria for power generation projects to qualify as mega power
projects. This will qualify 15 additional projects for the benefits
under the mega power project policy.
“To avail of the benefits under the (Mega Power) policy, the developer
must tie up at least 65 per cent of the installed capacity through
competitive bidding,’’ Finance Minister P. Chidambaram told reporters
after announcing that the CCEA had cleared the Power Ministry’s proposal
of changes to the Mega Power Policy. “The balance 35 per cent of the
installed capacity should be through the regulated tariff according to
the host State’s policy.”
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